Deals of the day-Mergers and acquisitions

SilverBow Resources

28/03/2024 14:12

(Adds: SilverBow Resources, Brunello Cucinelli, Home Depot,
Oakley Capital, Updates: ICICI Securities, International Holding
Company, Keysight Technologies)
       March 28 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on
Thursday:

        ** SilverBow Resources  SBOW.N  said it has rejected
largest shareholder Kimmeridge Energy Management's latest offer
that valued the oil and gas producer at $2.1 billion, including
debt, in the latest rebuff of the asset manager's efforts.
  
         urn:newsml:reuters.com:*:nL3N3G6327
  
        
  
        ** Italy's Brunello Cucinelli said it had bought
Sartoria Eugubina, the latest move by one of the big luxury
brands to secure its supply chain in Italy.
  
         urn:newsml:reuters.com:*:nL5N3G64LR    
  

        ** India's ICICI Securities  ICCI.NS  secured the votes
needed to delist its stock, capping a dramatic week that saw
backlash from some unhappy retail investors and reported
attempts by parent ICICI Bank to sway votes.
  
         urn:newsml:reuters.com:*:nL3N3G60U8
  
        
  
        ** Home Depot  HD.N  will buy building materials
supplier SRS Distribution in an $18.25 billion deal including
debt, the top U.S. home improvement chain said, beefing up its
business to professional customers as the industry tackles tepid
demand.
  
         urn:newsml:reuters.com:*:nL3N3G62CA
  
        
  
        ** Oakley Capital is weighing options, including a sale,
for its Norwegian maritime training software company Ocean
Technologies Group (OTG), three sources close to the matter told
Reuters.
  
         urn:newsml:reuters.com:*:nL5N3G5402
  

        ** International Resources Holding (IRH), a unit of Abu
Dhabi's International Holding Company  IHC.AD , said it intends
to bid for a stake in Lubambe Copper Mine in Zambia.
  
         urn:newsml:reuters.com:*:nL2N3G60NX
  
        
  
        ** Keysight Technologies  KEYS.N  outbid rival Viavi
Solutions  VIAV.O  to buy Spirent Communications  SPT.L  for
about 1.16 billion pounds ($1.46 billion), winning a battle over
the UK telecoms testing firm's expertise in automation.
  
         urn:newsml:reuters.com:*:nL3N3G61JV
  

    ** Britain's competition regulator said that it has decided
not to open an in-depth 'phase 2' investigation into Aviva's
 AV.L  acquisition of AIG Life UK.
     urn:newsml:reuters.com:*:nL5N3G629W

    ** U.S. video game publisher Take-Two Interactive Software
 TTWO.O  said on Wednesday it would acquire Gearbox
Entertainment, best known for the first-person shooter game
Borderlands, from Sweden's Embracer  EMBRACb.ST  for $460
million.
     urn:newsml:reuters.com:*:nL3N3G60U2

    ** Australian gold miner Ramelius Resources Ltd  RMS.AX 
said it had ended discussions with Karora Resources  KRR.TO  for
a potential acquisition of the Canada-based mine operator.
     urn:newsml:reuters.com:*:nL3N3G54W1

    ** Walmart  WMT.N  has notified two U.S. antitrust agencies
it will withdraw and refile a certain review application for its
planned acquisition of Vizio  VZIO.N , to give the regulators
more time to review the deal.
     urn:newsml:reuters.com:*:nL3N3G54DW
    
    ** T-Mobile has won its bid to appeal a judge’s ruling that
allowed a potential class of millions of Verizon and AT&T
subscribers to move ahead with a lawsuit challenging the
company's $26 billion purchase of rival Sprint in 2020.
     urn:newsml:reuters.com:*:nL2N3G52FY

 (Compiled by Rajarshi Roy and Puyaan Singh in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))